Unifimoney Launches Credit Card Program with Second Wave® Cards from CPI Card Group®
April 21 2021 - 9:00AM
Business Wire
The recovered ocean-bound plastic credit card
empowers consumers to reduce first-use plastic with a more
sustainable payment option
CPI Card Group Inc. (OTCQX: PMTS, TSX: PMTS) (“CPI” or the
“Company”), a payment technology company and leading provider of
credit, debit and prepaid solutions, today announced that
Unifimoney, the premium digital banking service, will offer Second
Wave® cards for its new Unifi Premier credit card. Through
Second Wave®, Unifimoney’s clientele of young professionals
will now have access to an EMV® compliant and dual interface
capable payment card that features a core made with recovered
ocean-bound plastic.
Second Wave® payment cards enable companies to engage a
growing market of environmentally-conscious consumers while helping
reduce first-use plastic and divert plastic waste from entering the
ocean. CPI estimates that for every one million Second Wave®
cards produced, over one ton of plastic will be diverted from
entering the world’s oceans, waterways and shorelines. In a CPI
survey among debit and credit users, conducted by an independent
research firm, 94 percent of consumers surveyed said they are
concerned about the amount of plastic waste in the oceans, with 87
percent of respondents finding the idea of an ocean-plastic card
appealing. Additionally, 53 percent of survey respondents were
willing to switch to another financial institution if it offered
such cards with the same features and benefits.
“After working with CPI to introduce Unifimoney debit cards made
with more eco-focused materials, we wanted to maintain our momentum
and continue leading the industry toward a more
environmentally-friendly future,” said Ben Soppitt, CEO of
Unifimoney. “We’re thrilled to now introduce recovered ocean-bound
plastic credit cards for our customers as we build out our
portfolio of innovative solutions and help usher in a new era of
sustainable and tech-enabled consumer finance.”
CPI and Unifimoney first announced a collaboration in June 2020,
when Second Wave® payment cards became available for
customers in Unifimoney’s debit card program. In addition to
Unifimoney’s commitment to offering its customers cards made with
more eco-focused materials, each time a Unifimoney debit card is
used, a contribution is made to the Ocean Foundation. The Second
Wave® card featuring a core made with recovered ocean-bound
plastic reflects CPI’s continued commitment to
environmentally-conscious initiatives and is part of Earth
Elements™, the Company’s innovative suite of more eco-focused
payment cards.
“As a company seeking to make the world more sustainable,
Unifimoney is a natural collaborator that understands the
significance of Second Wave® cards and its value to
consumers and our environment,” said Guy DiMaggio, SVP and General
Manager, SVP & GM of Secure Card and Sustainability Solutions,
CPI Card Group. “We look forward to working with the financial
services sector to provide payment products that support the
sustainability commitments of the institution and their
customers.”
To learn more about Second Wave®, click here.
About Unifimoney Inc.
Premium digital banking. The first full-service digital bank
serving young professionals. A single mobile account that
seamlessly integrates high-interest checking, credit/debit card and
investing. Users automatically and by default model best practice
in personal financial management, maximizing both their passive
income today and their long-term financial future effortlessly.
Unifimoney is available in the Apple Appstore.
www.unifimoney.com
About CPI Card Group®
CPI Card Group® is a payment technology company and leading
provider of credit, debit and prepaid solutions delivered
physically, digitally and on-demand. CPI helps our customers foster
connections and build their brands through innovative and reliable
solutions, including financial payment cards, personalization, and
Software-as-a-Service (SaaS) instant issuance. CPI has more than 20
years of experience in the payments market and is a trusted partner
to financial institutions and payments services providers. Serving
customers from locations throughout the United States, CPI has a
large network of high security facilities, each of which is
registered as PCI compliant by one or more of the payment brands:
Visa, Mastercard®, American Express® and Discover®. Learn
more at www.cpicardgroup.com.
EMV® is a registered trademark in the U.S. and other countries
and an unregistered trademark elsewhere. The EMV trademark is owned
by EMVCo, LLC.
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ICR Inc. for CPI Card Group Sourav Das 203-682-8283
media@cpicardgroup.com
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